{"id":8269,"date":"2023-08-31T19:37:54","date_gmt":"2023-09-01T02:37:54","guid":{"rendered":"https:\/\/evhnews.com\/?p=8269"},"modified":"2023-08-31T19:37:54","modified_gmt":"2023-09-01T02:37:54","slug":"hyundai-motor-group-and-lg-energy-solution-to-invest-additional-2b-in-bryan-county","status":"publish","type":"post","link":"https:\/\/evhnews.com\/sv\/2023\/08\/31\/hyundai-motor-group-and-lg-energy-solution-to-invest-additional-2b-in-bryan-county\/","title":{"rendered":"Hyundai Motor Group och LG Energy Solution investerar ytterligare $2B i Bryan County"},"content":{"rendered":"

Governor Brian P. Kemp today announced that Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV\u2019s total investment value to more than $4.3 billion. This expansion will create another 400 new jobs.<\/span><\/p>\n

\u201cIn a single year, we broke ground on the largest project in state history, landed multiple suppliers across the state for Hyundai’s Metaplant, and welcomed LGES to Bryan County. Today, we’re building on that success as we continue to make Georgia the e-mobility capital of the nation,\u201d\u00a0said Governor Brian Kemp. \u201cThese types of major investments ultimately go to hardworking Georgians in the form of paychecks, improved schools and infrastructure, and more. Thank you to Hyundai Motor Group and LGES for again recognizing that the No. 1 state for business is a good investment.\u201d<\/span><\/p>\n

\u201cThis incremental investment in Bryan County reflects our continued commitment to create a more sustainable future powered by American workers,\u201d\u00a0said Jos\u00e9 Mu\u00f1oz, president and global COO, Hyundai Motor Company and president and CEO, Hyundai and Genesis Motor North America. \u201cHyundai is proud to partner with LGES and we are grateful for the support of Governor Kemp and the many communities throughout the State of Georgia that help drive our operations everyday as we work to be a global leader in the electrified mobility industry.\u201d<\/span><\/p>\n

In May 2023, Hyundai Motor Group and LGES signed a memorandum of understanding establishing LGES as the partner for Hyundai Motor Group Metaplant America\u2019s (HMGMA) onsite battery cell manufacturing JV. With today\u2019s announcement, the EV manufacturing facility and the battery JV represents an estimated $7.59 billion in investment and will create 8,500 new jobs for the region over the next eight years.<\/span><\/p>\n

\u201cIn collaboration with our trusted partner Hyundai Motor Group, this investment underscores our dedication to driving America\u2019s EV transition while bolstering the local economy through the creation of quality jobs,\u201d\u00a0said Dong-Myung Kim, president and head of the Advanced Automotive Battery Division of LG Energy Solution.\u00a0\u201cThanks to the support from the State of Georgia, we are excited to bring in our top-quality products and storied operational experience to grow together with its communities.\u201d<\/span><\/p>\n

The 30 GWh facility will be able to support the production of 300,000 units of EVs annually at full operations. Hyundai Mobis will assemble battery packs using cells from the plant, then supply them to the Hyundai Motor Group\u2019s U.S. manufacturing facilities for production of Hyundai, Kia, and Genesis EV models.<\/span><\/p>\n

\u201cToday\u2019s announcement that Hyundai Motor Group and LG Energy Solution will make an additional investment in the onsite EV battery cell manufacturing joint venture will bring 400 additional well-paying jobs for those in the Savannah region,\u201d\u00a0said Carter Infinger, Chairman of the Savannah Harbor-Interstate 16 Corridor Joint Development Authority. \u201cThe continued investment by Hyundai Motor Group and the announced suppliers like LG Energy Solution is truly remarkable and will be transformative for our region.\u201d<\/span><\/p>\n

Director of Project Implementation and Supplier Strategy Alyce Thornhill represented the Georgia Department of Economic Development\u2019s (GDEcD) Global Commerce team on this competitive project in partnership with the Savannah Harbor-Interstate 16 Corridor Joint Development Authority (JDA), Georgia Power, Georgia Ports Authority, and Georgia Quick Start.<\/span><\/p>\n

\u201cGovernor Kemp set a goal of Georgia becoming the top location for EV manufacturing in the United States, and with this announcement today, the state is in a great position to claim that distinction,\u201d\u00a0said GDEcD Commissioner Pat Wilson. \u201cThrough our focus on building an ecosystem that supports the entire EV supply chain, Georgia continues to add to our industry-leading success, bringing the jobs of the future home to Georgians in every corner of the state. State and community partners like the Savannah-area JDA, utility providers, Georgia Ports Authority, and Georgia Quick Start create a collaborative, business-friendly environment that sets Georgia up for success. Congratulations to LGES, Hyundai Motor Group, and all the partners we are celebrating today!\u201d<\/span><\/p>\n

As the emerging EV market continues to grow, Georgia has pursued job creation along the entire supply chain, resulting in more than $25 billion in investments and the creation of over 30,000 jobs since 2018. Battery related projects have accounted for at least $11 billion in investment. In fiscal year 2023, job creation in the automotive industry increased by 324 percent when compared to FY21.<\/span><\/p>","protected":false},"excerpt":{"rendered":"

Governor Brian P. 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